Trading Update and Notice of Interim Results

RNS Number : 3675E

Brave Bison Group PLC

07 July 2021

 

7 July 2021

Brave Bison Group plc

("Brave Bison", the "Company" and together with its subsidiaries the "Group")

Trading Update and Notice of Interim Results

Brave Bison, the social media and marketing group, announces that it will publish its interim results for the six-month period to 30 June 2021 on or before Monday 16 August 2021.

The Board is pleased to report that trading in the first half of the year has continued to be strong and the Board now expects the Company to exceed current market expectations for the full year. Revenue for H1 2021 is expected to be not less than £7.3m (H1 2020: £5.5m) and H1 2021 Adjusted EBITDA* is expected to be not less than £0.5m (H1 2020: £0.4m loss).  Net cash increased by £0.2m to £2.9m at 30 June 2021 (30 December 2020: £2.7m).

*Adjusted EBITDA is a non-IFRS measure that the Group uses to measure its performance and is defined as earnings before interest, taxation, depreciation and amortisation and after add back of costs related to restructuring, acquisitions and share based payments.

The information communicated in this announcement contains inside information for the purposes of Article 7 of the UK version of the EU Market Abuse Regulation (2014/596) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended and supplemented from time to time

For further information please contact:

Brave Bison Group plc

Oliver Green, Executive Chairman  via Cenkos

Cenkos Securities plc  Tel: [phone]

Nominated Adviser & Broker

Ben Jeynes

Nicholas Wells

About Brave Bison

Brave Bison is a new-era media and marketing group that specialises in social media. Brave Bison combines a leading social marketing agency and content studio with a media network of over 650 channels and 158m followers. Recent advertising partners include Panasonic, Vodafone, Uniqlo and BBC. The company is headquartered in London with additional offices in Singapore.

 

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